Retirement Advisor

Some of the world's largest asset managers are warning that markets are underestimating inflation, just like a year ago – and offer little hope that a recession will spur the Fed to cut rates.

Currently, plan sponsors must provide documentation and sign a penalty of perjury statement with EBSA, and as a result, many do not utilize the program. The new procedure would streamline the process.

Whether via audit or some other review process, it's not uncommon for employers to discover that a plan failure has occurred, however, most errors are resolvable — and potentially without fees or penalties — under the right circumstances.

Do employees know all their benefits? Here are eight ways employers can help them save money by taking advantage of existing benefits and programs.

The question is not whether the new legislation impacts plan sponsors, it's which of the more than 90 provisions apply to them and when do they take effect.

Flexible strategies are more effective because they help to prevent retirees from overspending in periods of portfolio/market weakness, while giving them a raise in strong portfolio/market environments, according to a new report.

Plan sponsors should take note of how rules around retirement plans are evolving due to regulatory changes, including the passage of SECURE 2.0, and whether their strategy remains relevant in this new environment.

SECURE 2.0 includes changes to retirement plans that will push up the age investors are required to start withdrawing from their 401(k)s to 73 in 2023 (from last year's 72).